Cap Rate
6.25%
Price Per SF
$453
Gross SQFT
28,805
Year Built
2005
Property Type
Healthcare
INVESTMENT HIGHLIGHTS
- STABLE INVESTMENTS – There are ±8.88 years remaining on the NNN lease with 3% annual increases.
- VERY PASSIVE LEASE STRUCTURE – There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.
- SCHEDULED RENT INCREASES I HEDGE AGAINST INFLATION – The lease features annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.
- HEALTHCARE REAL ESTATE I RECESSION RESISTANT PROPERTY – Veterinary hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
- PRIME LOCATION – The ±28,805 SF center is ideally located along West Juniper Avenue, offering excellent visibility and easy access to major transportation routes, including Highway 60 and Highway 87. This asset benefits from favorable demographics, with a population of over 400k within a 5-mile radius.
- TRUSTED PROVIDER – NVA and Ethos Veterinary Health, with a combined network of over 1,500 hospitals and pet resorts, are united by a culture of compassion and innovation, providing broad access to advanced, high-quality care that improves and extends the lives of pets.
- COMPREHENSIVE SERVICES I MULTI-DOCTOR LOCATION – Arizona Veterinary Specialty Center offers a range of veterinary services, including 24- hour emergency care, surgical procedures, extracorporeal blood purification therapies, radiology, ultrasounds, and labratory services. Its diverse revenue streams provide stability and potential for growth in various service areas.
- STRATEGICALLY LOCATED FACILITY – This clinic is situated along West Juniper Avenue in Gilbert, AZ, offering access to both north-south and east-west highways, with major highway exits providing strategic access for patients from surrounding counties.
- TENANT INVESTMENT IN LOCATION – Veterinary hospitals rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs associated with moving and build-outs.
- CONCENTRATED RETAIL CORRIDOR – The property is surrounded by a mix of residential communities, schools, parks, hospitals, and major retailers, including Sam’s Club, Trader Joe’s, Walmart Supercenter, Starbucks, Dignity Health Emergency Room, and Oak Tree Elementary School all just ±2. miles away.
- ROBUST GROWTH INDUSTRY – The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.
Broker of Record
- David Harrington
- License No. CO701910000 (AZ)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251